SAN CARLOS, Calif.--(EON: Enhanced Online News)--TiVo Corporation (NASDAQ: TIVO), a global leader in entertainment technology and audience insights, today announced Roku, Inc., a leading TV streaming platform, signed a multi-year intellectual property (IP) license agreement.
The IP license covers the TiVo and Rovi Corporation patent portfolios as well as the over-the-top (OTT) assets of the Intellectual Ventures patent portfolio under the TiVo/IV licensing partnership.
Additionally, the agreement includes an option for Roku to access TiVo’s high-quality entertainment metadata and other TiVo products to further power intuitive search and navigation.
“This license agreement with Roku underscores the importance of TiVo’s comprehensive patent portfolios for the fast-growing streaming entertainment industry,” said Samir Armaly, executive vice president, intellectual property and licensing, Rovi Corporation, a TiVo company. “We look forward to supporting Roku with innovative entertainment enhancements that will be enjoyed for years to come by its current and future customers.”
TiVo’s investment in research and development has enabled it to generate one of the world’s leading media and entertainment patent portfolios. The company’s commitment to innovation enables the delivery of products that touch practically every aspect of consumers’ day-to-day interaction with their entertainment, and helps licensees build customized next-generation digital entertainment solutions for users around the globe.
TiVo Corporation (NASDAQ: TIVO) is a global leader in entertainment technology and audience insights. From the interactive program guide to the DVR, TiVo delivers innovative products and licensable technologies that revolutionize how people find content across a changing media landscape. TiVo enables the world’s leading media and entertainment providers to deliver the ultimate entertainment experience. Explore the next generation of entertainment at tivo.com, forward.tivo.com or follow us on Twitter @tivo or @tivoforbusiness.
All statements contained herein that are not statements of historical fact, including statements that use the words “will” or “is expected to,” or similar words that describe TiVo Corporation’s or its management’s future plans, objectives or goals, are “forward-looking statements” and are made pursuant to the Safe-Harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of TiVo Corporation to be materially different from the historical results and/or from any future results or outcomes expressed or implied by such forward-looking statements. Such factors are further addressed in TiVo’s most recent report on Form 10-Q and other documents of TiVo Corporation, Rovi Corporation and TiVo Solutions Inc. (formerly known as TiVo Inc.) on file with the Securities and Exchange Commission (available at www.sec.gov). TiVo Corporation assumes no obligation to update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release, except as required by law.